All news: page 65

Singapore. Oil prices rose on Tuesday ahead of the introduction of U. S. sanctions against major crude exporter Iran. Spot Brent crude oil futures were at $73. 88 per barrel at 0241 GMT on Tuesday, up 13 cents, or 0. 2 percent, from their last close.
U. S. West Texas Intermediate (WTI) ...

In the beginning of July Brent prices began to retreat from June’s maximums, in the middle of the month the descend facilitated and reached 8. 5% (pic. 1). After the price reached $72 it bounced back up. The month’ trading closed at $74. 31, in the beginning of August the bears won ...

Baku. Kazakhstan may consider the possibility of oil export through Azerbaijan. Said the Kazakh Energy Minister Kanat Bozumbayev told Trend.
"Presently, this issue is not on the agenda, " he said. "Exploring the possibility of the Kazakh oil transit through Azerbaijan is not ...

Baghdad. Iraqi Oil Minister Jabar al-Luaibi said oil prices are approaching stability. This was reported Reuters with reference to the al-Sabah state newspaper reported on Monday.
Iraq plans to raise oil production to more than 7. 5 million barrels per day (bpd) by 2023-2024, including 6 ...

Moscow. In line with strategic initiatives announced by Rosneft on April 25, 2018, the Board of Directors of Rosneft Oil Company approved the terms and launch of the open market share buyback program, which would also cover the holders of depositary receipts, in the amount of up to US$2bn ...

Tehran, Iran. Iran and Turkmenistan have taken their dispute over gas supplies to international arbitration. Said the director of the National Iranian Gas Company (NIGC) and the deputy oil minister of the country.
“The gas dispute is going to arbitration”, Hamid Reza Araki told ...

Rio de Janeiro. Petrobras reported net income of R$ 17 billion in the first half of 2018. The positive result was mainly influenced by the increase in international oil prices, associated with the depreciation of the Brazilian Real against the US dollar. In the same period, net debt fell 13% ...

Caracas. As the economic crisis continues to deepen, Venezuela’s President Nicolas Maduro is promising a new policy on gasoline (the world’s cheapest). Now it is generously subsidized by the socialist regime.
Maduro promised earlier this week to roll out a new plan to ease ...

Baku, Azerbaijan. More than 80 percent of the work has been completed for starting the construction of the Interconnector Greece-Bulgaria (IGB) that envisages transportation of Azerbaijani gas to Bulgaria. This was reported by the executive director of the joint venture ICGB AD, the project ...

Singapore. Oil prices rose on Monday after Saudi crude production registered a surprising dip in July and as American shale drilling appeared to plateau. Markets also anticipated an announcement from Washington due later on Monday detailing renewed U. S. sanctions against major oil exporter ...

Baku, Azerbaijan. At the end of July 2018, the Trans Adriatic Pipeline (TAP) completed the construction of the 1. 5km micro-tunnel in Skrapar, Albania, said a message from TAP AG consortium. The micro-tunnel was built in approximately six months after works started in February 2018.
The ...

London. World stocks drifted lower on Friday as the latest exchange of trade threats between the United States and China dampened risk appetite. At the same time, Italian bonds and shares in the country's banks were sold out on the grounds of renewed government tension in Rome.
The MSCI ...

Moscow. Rosneft Oil Company and Grupa Lotos SA signed an oil supply contract to Poland. The agreement is valid until the end of 2020, while the supply volume in this period will be from 6. 4 to 12. 6 million tons.
The agreement with Grupa Lotos proves the quality of Rosneft’s ...

Moscow. NOVATEK announces that FTSE Russell reconfirms that NOVATEK remains a constituent of the FTSE4Good Index following their June 2018 index review.
The FTSE4Good Series is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) ...

Moscow. Russian oil output rose by 150, 000 barrels per day (bpd) in July from a month earlier, surpassing the amount Moscow had promised to add following a meeting of global oil producers in Vienna in June, energy ministry data showed on Thursday.
Under an initial deal between OPEC and ...

Baku, Azerbaijan. SOCAR Energy Georgia (Georgian subsidiary of the Azerbaijani state company SOCAR) plans to put into operation a multifunctional gas station in Georgia by mid-2019. This was announced by the director of the company Mahir Mammadov.
Earlier Mammadov said the company plans to ...

Tokyo/Singapore. Oil prices were steady on Friday. The situation was supported by traders who placed new hedges in the futures market in anticipation of a decline in US oil reserves, but were held back by the prospect of an increase in world supplies.
U. S. West Texas Intermediate (WTI) ...